Supply Chain Disruptions Relief Act This bill modifies the treatment of liquidations of new motor vehicle inventory as qualified LIFO (last in first out accounting method) inventory. It allows new motor vehicle dealers to elect to wait until the end of 2025 to replace their inventory for purposes of determining income attributable to the sale of such inventory during 2020 and 2021.
Sponsored bills
Home Front Energy Independence Act This bill prohibits the importation of petroleum and petroleum products from Russia until Russia recognizes the sovereignty and territorial integrity of Ukraine. The bill allows a new tax credit for the sale or blending of ethanol fuels. It also extends through 2025 the income tax credit for biodiesel and renewable diesel used as fuel. The bill modifies requirements relating to the waiver of ethanol reid vapor pressure limitations and E15 labeling. The bill requires the Department of Agriculture to award grants to certain governmental entities for expanding the biofuel infrastructure and agriculture product market.
Flexibility for Workers Education Act This bill excludes from hours worked certain voluntary training that occurs outside an employee's regular working hours. Such training does not count as hours worked even if it is offered by the employer, provided that an employee's working conditions are not adversely affected by choosing not to participate and the employee does not perform any productive work for the employer during the training.
This resolution supports the preservation of the stepped-up basis tax rule that allows recipients of inherited assets such as land, equipment, or buildings to adjust the cost basis of the assets to reflect their fair market value. The resolution opposes any efforts to impose new taxes on family farms or small businesses and recognizes the importance of generational transfers of farm and family-owned businesses.
Pregnant Students' Rights Act This bill requires a public institution of higher education (IHE) that participates in federal student-aid programs to provide information to admitted and enrolled students on the rights and resources for students who are pregnant or may become pregnant. These rights and resources must exclude abortion services. Additionally, the IHE must establish a protocol to meet with students who believe they were discriminated against based on pregnancy. The IHE must also provide pregnancy-related questions to enrolled students and annually submit compiled responses to the Department of Education.
Restore Onshore Energy Production Act This bill requires the Department of the Interior to immediately resume sales of oil and gas leases in accordance with applicable onshore mineral leasing laws and specifies a minimum number of sales that Interior must conduct in each state where there is land available for oil and gas leasing. The bill also prohibits the President from taking actions to cancel, delay, or otherwise impede federal processes related to energy mineral leasing without congressional approval.
COVID-19 American History Project Act This bill directs the American Folklife Center at the Library of Congress to establish a history project to be known as the COVID-19 American History Project to collect and make publicly available individual stories and records of experiences during the COVID-19 pandemic in the United States. The bill includes a requirement to collect video and audio recordings of personal histories and testimonials of those who were affected by the pandemic. The Librarian of Congress may solicit and accept donations of funds and in-kind contributions to carry out the project, subject to this bill.
Securing a Strong Retirement Act of 2022 This bill makes various changes with respect to employer-sponsored retirement plans, including providing for the automatic enrollment of employees in certain plans and increasing the age at which participants are required to begin receiving mandatory distributions.
This resolution honors the life and legacy of the late Representative Don Young and directs the Sergeant at Arms to designate a Don Young Reserved Seat on the floor of the chamber of the House of Representatives.
Rural Prosperity Act of 2022 This bill addresses social, economic, and community well-being and resilience in rural communities. Specifically, the bill establishes, within the Executive Office of the President, the Office of Rural Prosperity to promote and support social and economic prosperity in rural areas. The office, among other duties, must develop (1) a strategy for rural development, and (2) metrics to measure the effectiveness of federal programs on rural areas. Additionally, the bill sets up a council that includes representatives from federal agencies and White House policy offices to ensure collaboration across federal agencies and with other stakeholders concerning the needs of rural areas. The bill also requires the Department of Agriculture to develop, and report on the implementation of, a rural prosperity action plan that addresses structural challenges that affect rural communities.